LEADER 02456cam a22003975i 4500001 99131234942006421 005 20180824191804.0 006 m d 007 cr cn||||||||| 008 020129s2018 dcu o i00 0 eng^^ 024 7 10.1596/29336 |2doi 035 (CKB)4920000001215193 035 (The World Bank)29336 035 (US-djbf)29336 035 (EXLCZ)994920000001215193 040 DJBF |beng |cDJBF |erda 110 2 World Bank Group. 245 10 Toward Universal Financial Inclusion in China : |bModels, Challenges, and Global Lessons. 246 Toward Universal Financial Inclusion in China 264 1 Washington, D.C. : |bThe World Bank, |c2018. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Other Financial Accountability Study 520 3 China has achieved remarkable success in financial inclusion. China's rate of account ownership - a basic metric of financial inclusion - has increased significantly in the past two decades and is now on par with that of other G-20 countries. Traditional financial service providers have dramatically increased the reach of the formal financial sector, including through the world's largest agent banking network. China has also been an established leader in the fintech revolution, with new technology-driven providers transforming how millions of Chinese consumers make payments, borrow, save, invest, and insure themselves against risk. This report examines in detail China's approach to financial inclusion over the past 15 years. The report benchmarks China's progress against peer economies and analyzes key developments and factors in China's financial inclusion experience. The report also outlines remaining challenges to achieving further advances in financial inclusion in China, and distills key lessons policymakers from other countries can learn from China's experience. The report was written jointly by the People's Bank of China (PBOC) and the World Bank Group. 650 4 Access to Finance 650 4 Accountability 650 4 Consumer Protection 650 4 Finance and Financial Sector Development 650 4 Financial Literacy 650 4 Financial Regulation and Supervision 650 4 Insurance and Risk Mitigation 650 4 Microcredit 650 4 Rural Finance 830 0 Other Financial Accountability Study. 830 0 World Bank e-Library. 906 BOOK